Ministry of Corporate Affairs has amended the Companies (Appointment and Qualification of Directors) Rules, 2014 vide the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020 wherein the last date to enter details details in Independent Director’s data bank by existing independent directors has been extended up to September 30, 2020.
Given the current pandemic, this move of relaxation in regulatory norms is a positive move for the companies.
State-Wise Applicability of ‘Force Majeure’ Clauses in India Amidst Outbreak of Covid-19
India Force Majeure State Wise Non-performing parties in a contract may rely on the applicable provision of ‘Force Majeure’ (a French phrase that literally translates